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Grafton Group (LON:GFTU) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Grafton Group logo with Industrials background

Key Points

  • Grafton Group plc's stock price fell below its 200-day moving average of GBX 926.09, indicating potential selling pressure, with shares trading as low as GBX 916.
  • Berenberg Bank reaffirmed a "buy" rating for Grafton Group, setting a target price of GBX 1,100, suggesting confidence in future growth despite current price fluctuations.
  • The company has a market cap of £2.11 billion and a notable debt-to-equity ratio of 37.66, highlighting its financial structure amidst market challenges.
  • Five stocks we like better than Grafton Group.

Grafton Group plc (LON:GFTU - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 926.09 ($12.45) and traded as low as GBX 916 ($12.31). Grafton Group shares last traded at GBX 927.20 ($12.46), with a volume of 153,960 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,100 target price on shares of Grafton Group in a research note on Thursday, September 4th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 1,100.

Get Our Latest Analysis on Grafton Group

Grafton Group Trading Down 1.6%

The business's fifty day moving average is GBX 892.81 and its 200-day moving average is GBX 926.09. The company has a debt-to-equity ratio of 37.66, a quick ratio of 1.56 and a current ratio of 2.21. The firm has a market cap of £2.11 billion, a P/E ratio of 996.50, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60.

Grafton Group Company Profile

(Get Free Report)

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.

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